How to recover when you are down 90% of your portfolio?

[goaldigger]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

That absolutely cant be helped since you loss almost all your investments. Better dump the shitcoins you are holding and buy a new and trust ones. Start again from the bottom and recover your loss through a better rounds again this time. Now that the price is cheap, you can still correct your mistakes. Buy and hold until your mind is stable then proceed to trading after.

[traderethereum]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

That absolutely cant be helped since you loss almost all your investments. Better dump the shitcoins you are holding and buy a new and trust ones. Start again from the bottom and recover your loss through a better rounds again this time. Now that the price is cheap, you can still correct your mistakes. Buy and hold until your mind is stable then proceed to trading after.

That would be a good solution if the price were not going down too deep.
But if he holds from one or two years ago and that coin cannot increase for a long time, then it will be difficult to sell right now because he only gets a big loss than he can imagine.
It is advisable to sell all of the coins right now because he is too late to sell and there is no other way except to waiting for the time to change into the bull market so he can start to sell his coins.

[coin-investor]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

There's nothing we can't do about it, shitcoins are a pain in the ass and should be sold while there is a market for this, but if you have a coin that just suffering from a bear market, then you can hold it and extend your patience not to sell it and wait for the right time you can recover all your losses, you can never put a good coin down as long as developers are serious in developing their platform.

[Reid]

Didnt you see thru all of that before it even become a shitcoin?

You cannot recover from it.
There is nothing you could do about it. Let it go.
Start a new one.
Forget that you lose that much and start over again thinking about new profits too.
Make it as a lesson for your team and try to create a conclusion out of it what are do's and dont's.

It happens. Shit happens. It is not just you who experienced that kind of bitterness.

[arpon11]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

If those shitcoin still have values the best thing to do is to start converting them to coin like ethereum and litecoin that still have hope of rising in a long run.  I do believe that if litecoin grow in three to four years to come to around $5000 there is no way you will not recover your loses.  It is a pity that you were not informed and you buy those shitcoin at the wrong time.  You just need to spend time to learn how this cryptocurrencies market work and buy when it is very low and sell when it is high and not the other way.

[QueenW]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

If those shitcoin still have values the best thing to do is to start converting them to coin like ethereum and litecoin that still have hope of rising in a long run.  I do believe that if litecoin grow in three to four years to come to around $5000 there is no way you will not recover your loses.  It is a pity that you were not informed and you buy those shitcoin at the wrong time.  You just need to spend time to learn how this cryptocurrencies market work and buy when it is very low and sell when it is high and not the other way.

agree with you. I did just that. sold low-capitalized cryptocurrencies and bought coins from the top - 10. Because most altcoins cannot sustain a long-term downtrend and simply go bankrupt.

[Oasisman]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

That absolutely cant be helped since you loss almost all your investments. Better dump the shitcoins you are holding and buy a new and trust ones. Start again from the bottom and recover your loss through a better rounds again this time. Now that the price is cheap, you can still correct your mistakes. Buy and hold until your mind is stable then proceed to trading after.

Usually, shitcoins has very little to no value, so I guess it will be better to just leave those shitcoins in your portfolio if it doest really give you any good value for the mean time in return to buy another one. Who knows that very slim chance for those shitcoin to pump, it might happen in the future lol. Anyway, I have to agree that the OP should start from the bottom again, and make sure to purchase good coin and token this time.

[rijaljun]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

This condition has ever happened to my life and what I have done is, just trading more and not to add more capital until I know how exactly how to recover. The only strategy is to learn anything even just a bit. You should easily recover your funds just by trading as the market is still in a weak form (in my opinion), where anyone can easily take a huge returns from their information.

[Bitcotalk]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

If there are altcoins that you have bought that are not profitable , I will advise you to exchange them for bitcoin. After you might have exchanged them for Bitcoin you can start to worry about how to recover from the 90%. Buh damn that’s a big loss you had, were you asleep when this occurred? Or you were trading all and forgot to setup a stop loss? I can’t really take such a risk. You can start trading daily to recover those losses.

[fullhdpixel]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

That absolutely cant be helped since you loss almost all your investments. Better dump the shitcoins you are holding and buy a new and trust ones. Start again from the bottom and recover your loss through a better rounds again this time. Now that the price is cheap, you can still correct your mistakes. Buy and hold until your mind is stable then proceed to trading after.

This should have been your first priority-evaluation of the project of the coin or token you want to invest in-and had you done that, you would have not suffered 90% loss. Right now, it is the best time to speculate in any good coin you like. Try to focus on the top coins in the market. Bitcoin is one of the best spot for investment these days and you should not really miss out.

[BeGoods]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

That absolutely cant be helped since you loss almost all your investments. Better dump the shitcoins you are holding and buy a new and trust ones. Start again from the bottom and recover your loss through a better rounds again this time. Now that the price is cheap, you can still correct your mistakes. Buy and hold until your mind is stable then proceed to trading after.

This should have been your first priority-evaluation of the project of the coin or token you want to invest in-and had you done that, you would have not suffered 90% loss. Right now, it is the best time to speculate in any good coin you like. Try to focus on the top coins in the market. Bitcoin is one of the best spot for investment these days and you should not really miss out.

Yeah because the loss of 90% is a very big loss, actually I very rarely experience losses of that size, you have to evaluate what you lack, you have to be smarter in choosing projects or coins, and immediately do cutlose if you don't think there are any the potential price of the coins you buy to go back up, it will avoid you at a big loss

[bitcoin31]

Almost 10 percent only left that your friend have when the market down but Im pretty much sure if they hold their coins until this year those percentage is about losing of 90 percent is only now 70% percent lower I think and it is good start but if they sold their coin their money will not come back again for sure unless they invesy more to the cryptocurrency they have chance for him to recover his lose.

[Ararbermas]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

no other than holding mate. Which is basic and the only common strategy also of some people to survive despite of  the scenario . It's useful actually but must have patience to avoid further losses , and always control your emotions ,stop panicking! in fact all of this thing is only temporary so just relax and keep holding for a while. 

[mikelsmith2020]

If you invested into a failed project or shitcoin there's nothing you can do about it but to accept your mistake and move on, maybe it's just a valuable or expensive lesson you can take, the most important here thing to do here to avoid this is to study how the project works and check every single thing and what's the application of the project to a problem and how do they solve it.

[Malsetid]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

no other than holding mate. Which is basic and the only common strategy also of some people to survive despite of  the scenario . It's useful actually but must have patience to avoid further losses , and always control your emotions ,stop panicking! in fact all of this thing is only temporary so just relax and keep holding for a while. 

The problem is they bought shitcoins. Shitcoins are called such because more often than not they end up without value or you have to wait years before you can break even. Being down 90 percent can be depressing enough if you're holding bitcoin, ethereum or other legitimate alts but being down that much with worthless tokens is a lot worse. Charge it to experience dude and make sure to learn from it.

[RodeoX]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

Learning from your mistakes is a lesson. It seems like you have identified the major factors, buying a rally and buying alts.
You mentioned a "portfolio" I would argue that diversifying in the crypto space is mostly folly. Consider this. If cryptocurrency is still around and growing in 20 years then it is highly likely that Bitcoin will still have value and perhaps the highest value, like now. If bitcoin is not here in 20 years then it is unlikely any open-source, peer-to-peer, blockchain currency will exist. The alts are based on the same technology and do not offer any real market diversity. So in my opinion it is better to buy the gold standards in completely different markets. Buy bitcoin cryptocurrency, buy gold metal, buy productive land, buy AAA stocks.

As far as buying into a rally... That is okay if you are looking at a longer term investment and you believe in the future of your investment. If you are trying to play the volatility as a day trader then you are in a brutal market where tomorrows price doesn't matter anyway. Alts tend to not have a future beyond tomorrow. 


Cheers!
 

[uray]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

Listing your portfolio would be a better way to start things rather than starting a vague topic, there are thousands of coins in the market and if you are not willing to reveal in which coins you have invested, it is really hard to give any advice, if you have invested in shit projects there is a possibility that you wont be able to recover those losses at all and all the shit projects shut their doors when the market went down due to funding issues and there might not be any revival.

[palle11]

Personally I would start with converting the shitcoins to Bitcoin, you would need a 10x to break even so about 50k Bitcoin (which will happen if Bitcoin succeeds), I would personally also dollar cost average in to lower your break even point. None of this is financial advice but if you believe in Bitcoin this will help recuperate your losses.

This is simply a nice advise and to say is coming from a newbie is worthy to commend. If I have such advise on a losing portfolio, I think I would like to convert too to bitcoin because bitcoin is the most trusted coin.

[marycrazy08]

Personally I would start with converting the shitcoins to Bitcoin, you would need a 10x to break even so about 50k Bitcoin (which will happen if Bitcoin succeeds), I would personally also dollar cost average in to lower your break even point. None of this is financial advice but if you believe in Bitcoin this will help recuperate your losses.

This is simply a nice advise and to say is coming from a newbie is worthy to commend. If I have such advise on a losing portfolio, I think I would like to convert too to bitcoin because bitcoin is the most trusted coin.

How about using the remaining 10% of my funds to another Altcoin which is kinda have potential? What can you recommend on an altcoin which is worth investing the remaining 10%?

[Nunoluck]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

You can recover it by invest in bitcoin when its price start to rise. Just hold it for long term. Maybe you need to hold it for 4-5 years. Actually there are many ways beside invest in cryptocurrency. You can buy property then rent it. I think it can give better profit, but you need big capital and knowledge to do it. If you still brave to take more risk then invest in ICO will be good as long as you choose good ICO project to invest.